New DaZheng Property Group Second Quarter 2024 Earnings: EPS: CN¥0.19 (vs CN¥0.17 in 2Q 2023)

New DaZheng Property Group (SZSE:002968) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥858.5m (up 14% from 2Q 2023).
• Net income: CN¥42.4m (up 9.1% from 2Q 2023).
• Profit margin: 4.9% (down from 5.2% in 2Q 2023). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.19 (up from CN¥0.17 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

New DaZheng Property Group Earnings Insights

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Real Estate industry in China.

Performance of the Chinese Real Estate industry.

The company's shares are down 6.6% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for New DaZheng Property Group you should know about.

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